Signals, Powered By EquityPandit
Mahindra & Mahindra has said that it will increase the prices of its passenger vehicles by Rs 5,500 to Rs 47,000 effective from April 1.
Whereas prices of recently launched KUV 100 have been increased with immediate effect.
Praveen Shah, Mahindra Chief Executive for passenger car business said that “Though the 1-4 percent duty hikes are already effective, we have decided to pass on the price increases only from April 1. Prospective customers can still avail of our various passenger cars at the pre-Budget prices all through March. “In absolute terms, prices will go up by Rs 5,500 to Rs 47,000, depending on the model and prevailing prices.”
He further added that KUV100 that was launched mid-January will attract new prices with immediate effect, the petrol model will be costlier by 1 percent and the diesel model will be dearer by 2.5 per cent.
